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- Jun 29, 2004
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First of all, I thought I'd just post this on the forum, instead of as a private message, since it would probably prove useful for more than 1 person. Also, some of my questions could probably be answered by other people as well. Here goes nothin:
Anasazi23,
I read in one of your posts that you knew a forensic psychiatrist who made 750k a year in long island. Do you know:
1. How many hours a week he worked?
2. Whether he was purely a private practice doc, or if he did academics as well?
3. Whether he was just an average forensic doc without publications, whose salary was a result of him doing lots of forensic cases at average rates...or whether it was a result of him being well known/published, doing fewer cases, but charging a lot?
4. Related to the above question: do you know the amt of time he spent doing forensic work vs. general psychiatry work?
5. How many years it took him to get to that point?
6. Finally, my last question (this might be easier to answer for anyone else): Are the forensic psychiatrists who are most financially successful the ones who view the field as a business, and don't care enough to spend time advancing the field or their reputation through research/publications, but instead just churn out lots of reports/evaluations while charging average or below average rates? A few posters have said that in order to make the big bucks in forensics, you have to be like one of the Phil Resnicks of the world. But even though he might be able to charge 600/hr for his time, wouldn't he make less per year or just as much as any busy private practice doc who churned out lots of reports/evaluations, since Dr. Resnick probably spends most of his time NOT making 600/hr, but instead participating in less lucrative activities such as teaching and research?
THANK YOU. I am going to be shadowing a forensic psychiatrist this winter break, and I know I won't be able to ask him some of these salary type questions, so this is an enormous help.
Anasazi23,
I read in one of your posts that you knew a forensic psychiatrist who made 750k a year in long island. Do you know:
1. How many hours a week he worked?
2. Whether he was purely a private practice doc, or if he did academics as well?
3. Whether he was just an average forensic doc without publications, whose salary was a result of him doing lots of forensic cases at average rates...or whether it was a result of him being well known/published, doing fewer cases, but charging a lot?
4. Related to the above question: do you know the amt of time he spent doing forensic work vs. general psychiatry work?
5. How many years it took him to get to that point?
6. Finally, my last question (this might be easier to answer for anyone else): Are the forensic psychiatrists who are most financially successful the ones who view the field as a business, and don't care enough to spend time advancing the field or their reputation through research/publications, but instead just churn out lots of reports/evaluations while charging average or below average rates? A few posters have said that in order to make the big bucks in forensics, you have to be like one of the Phil Resnicks of the world. But even though he might be able to charge 600/hr for his time, wouldn't he make less per year or just as much as any busy private practice doc who churned out lots of reports/evaluations, since Dr. Resnick probably spends most of his time NOT making 600/hr, but instead participating in less lucrative activities such as teaching and research?
THANK YOU. I am going to be shadowing a forensic psychiatrist this winter break, and I know I won't be able to ask him some of these salary type questions, so this is an enormous help.